Skating to where the puck will be...

August 25, 2006

China and Venezuela ink deal

Proving yet again that China's business is business. You do what you need to do to cut the deal. Guardian.

As well as a joint refinery project, Venezuela's state-run oil company, Petroleos de Venezuela, has announced in the past week that China will build 13 oil drilling platforms, supply 18 oil tankers and collaborate in the exploration of a new heavy oil field in the Orinoco Belt. According to the Venezuelan media, China has also agreed to build houses for 20,000 people as a contribution towards Mr Chávez's policy of reducing homelessness. Chinese state-controlled news agencies say Beijing will also help the South American nation build a fibre optic network, modernise a gold mine and develop railways and farm irrigation systems.